Today in class, we made up questions for our Microfinance Test. Here's what Kappel and I came up with.
1.) Question: What do loans do for small businesses?
Answer: They give these people small amounts of money to get a kick start on their idea or business.
2.) Question: What is microfinance?
Answer: A form of financial aid for small businesses that don't have accesses to banking services.
3.) Question: What solutions do microfinance solve?
Answer: The destruction of small businesses due to large businesses taking over.
4.) Question: What is a micro lender?
Answer: An organization that makes business loans to individuals who are not able to obtain financing from traditional lenders.
5.) Question: How can we improve microfinance?
Answer: People can get a loan from other people who have money. Once the people who are borrowing can escape poverty, they can pay the donors back.
6.) Question: What is Kiva?
Answer: An online website for giving microloans to people who ask for it.
7.) Question: What is a microloan?
Answer: Loans to people who ask for money to start their business.
8.) Question: What kind of problems occur in countries that need microfinance?
Answer: Malaria, drought, and clean water.
9.) Question: What is malaria?
Answer: A fatal disease spread by female mosquitos.
10.) Question: How can you cure yourself of malaria?
Answer: Doctors are trying to come up with vaccines for the disease and the International Peace Corps are trying to stop it as well.
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